Effects of Higher College Tuition on California Students

While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of

Neill provides data on the increase of amount of students working full-time and part-time jobs during their education. She shows how this has been increasing since the 1970’s and more students are having to work while attending college to pay for expenses. This source also helps demonstrate how a shrinking middle class is affecting college students because low-income students need to work during college. It also provides more evidence on how increasing tuition is affecting students in general.

Finally and most importantly you need to make sure you are financially prepared to pay tuition for the semester.

College has become a significant chapter in the lives of many Americans today. In most cases, to reach the well-paying and dreamed-of careers, students must have a bachelor's degree or higher in a certain field of expertise — typically from a university. While this is true, many students have realized that university-level education, even in-state, is not cheap. With tuition rates on the rise, college is beginning to be seen as more of a burden than an opportunity. Although scholarships and financial aid decrease the net cost of attending college, the majority middle class students are not equipped with enough aid to graduate debt free, or even close to it.

The cost of tuition for California State Universities has skyrocketed over the last 10 years. It has forced many students to take out expensive student loans to complete their educational goals, often times leaving graduating college students steep in debt as they enter the workforce. Some of the contributing factors that I am going to address are inflation, the rising cost of living and the varying costs of different educational institutions

In order to improve every aspect of life, especially financially; just having a high school diploma does not meet the requirements that society itself is looking for to accomplish one 's American Dream. Everyone desires and dream to go to college with the hope to be successful; but with the fact that the skyrocketing college tuition is increasing every year might turn those dreams into nightmares. There are many research have been proven that the main factors which cause the high cost of postsecondary education was the lack of funding from government, increase of students as well the increase of administrators. But beside those given facts, there are seems to be more deep hidden truth that most college students and their families have no ideas about it. Numerous of debates seem to argue about the reasons that cause the rise of college tuition was because the most money goes to athletics sport teams, the luxury accommodations for students as well as unnecessary programs and many seven-figure administrator.

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

People will find that the authors say, going to college will be worth the expenditures. College is a lot of time and money. Today, college costs nearly $40,000 a year between tuition, rooming, supplies, and extra fees. Although, people may not want to find themselves buried in debt, after attending college. According to “Are We Getting Our Money’s Worth?” written by William Elliott, he states that “relying on student loans as the primary mechanism for financing college is a recent development.” Loans are how college is paid for in today’s generation, “loans have remained the largest form of financial aid available to students,” no student can afford college. Although, some are forced to go if they want to further their education. Owens and Sawhill mention, “the benefits of a college degree far outweigh the costs,” and “more educated workers earn more.” These authors give a valid opinion which people may

Amherst College, Coolidge’s alma mater, now costs a good $64,000, eight times larger than the cost in 1891 of $8,000. With this, undergraduate students, on average, leave college with around $30,000 in student loan debt. According to Bloomberg, college tuition and fees have increased 1,120 percent since records began in 1978. Despite the high rate of change with regards to tuition, medical expenses have only risen 601 percent and the price of food has increased 244 percent. Along with the high financial toll of college, it seems as though many of those who attend college aren’t fully committed to it. 54% of all Americans who enroll into college eventually become dropouts and, according to Bloomberg, these dropouts make up a quarter of America’s richest people.

An increasing cost in tuition prevents some students from pursuing a higher education. Such high college tuitions are unfair to the lower and middle classes who may want to receive a higher education. Preventing the financially unstable from receiving a higher education weakens the development of society in the United States. You should not have to be rich to receive a respectable education.

Many students have aspirations about attending the college of their dreams, but many people lack financial support and are not able to go because of high tuition payments, such as housing, and other college expenses. U.S. Student Loans Debt Statistics for 2017 indicate that “the cost of attending college is becoming a growing burden for a huge portion of Americans.” (Student Loan Hero). Students are left with the option of dropping and leaving school. Even after receiving some financial support, such as scholarships and grants, students have limited amount of money to pay off their expenses. At the start of their college career, students apply for the colleges they would like to go to, and many forget about the financial decision that is required to pay for college. “A 2010 study on more than 200,000 freshmen at four-year colleges, more students rated themselves as below average in emotional health than ever before. The financial stress of worrying about their college loans and whether they’ll find a job after college and the day to day stress of making decisions for themselves in all aspects of their lives.” (Allianz). Unfortunately, freshman students are the main group of college students that go through financial conflicts, leading to stress about how to pay for college. Some students choose to work their way through college. “Others decide they’d rather be making money working full time than pursuing a costly degree. Still others become discouraged at the prospect of incurring loan debt” (College View). According to Public Agenda, “Work is the top reason young adults give for not returning to college once they leave. More than a third (36 percent) of those who left school say that even if they had a grant that fully paid for tuition

Nationwide the student debt is around $1.3 trillion (Chris Denhart) and in California the average student debt is roughly $21,382 (ticas.org). Recently UC regents approved an increase in tuition by 2.5 percent. The rising of tuition was to ensure that public universities could offer their students the same top-quality education even with the high enrollment demands and the reduction of state support. The students that will be most affected by this increase are students that don't receive much financial aid. But for two-thirds of the roughly 175,500 California student residents this increase will be covered (Teresa Watanabe). Some students are for this increase in tuition because they claim that classrooms have

For some people college does not seem to cost an arm and a leg, but to most people “Tuition numbers can be eye-popping, and student debt has increased significantly” (Leonhardt). Money is normally the main reason that people do not go to college. Most Americans do not go to college because “College is too expensive for most Americans to afford” (Pew). College is not cheap. College is so expensive that many “students are leaving college with a substantial debt burden” (Pew). People can have debt from college for many years. College is very expensive.

In recent years, the soaring cost of college tuition has angered many students and parents, leaving many wondering where they will come up with the funds to pay. While college is still a pretty sound investment for most career paths, the cost of an education has outpaced general inflation by almost double, leaving many families simply unable to shoulder the fiscal burden without incurring large amounts of debt. How did we get to where we are today? A big part of it has to do with how colleges themselves have changed and the ways our cultural outlook on higher education has evolved. More students than ever are heading to college, and expect better resources from schools each and every year. But have colleges gone too far? Part II.A discusses the history of congressional acts that have over the years increased federal educational spending while showing how college tuitions have drastically gone up. Part II.B examines how the continued investment in college at current and future prices will affect society. And Part II.C assesses different countries debt problems, why they are not in as much trouble as the U.S. and what we can learn from them.

As a result of this, states receive pressure to make up for this and must raise tuition. Grant donors are also becoming less generous in their contributions to students as well. This makes affording college even harder for students.